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200 NE 3rd St - Approved Flagler Village Development Site 0.67 Acres of Residential Land Offered at $12,000,000 in Fort Lauderdale, FL 33301
Investment Highlights
- Fully approved development site for market rate apartments or a condominium development
- Immediate area undergoing massive redevelopment
- Prime location near downtown, Las Olas Boulevard and Brightline Train Station
Executive Summary
Fully entitled through DRC for a 43 story , 388 unit market rate multifamily development in booming Flagler Village market. Current entitlement is exempt from the City of Fort Lauderdale/Broward County affordable housing surcharge. Can build all market rate apartments (not subject to Live Local income requirements) or develop as a luxury high rise condominium project. Property is in close proximity to Las Olas Boulevard, downtown Fort Lauderdale and the new Brightline Train Station. Immediate area undergoing massive redevelopment with new apartments, condominiums, hotel and retail projects . Institutional owner may consider a JV with a qualified development group.
Call Steve Hyatt or Christian Hyatt at (954) 494-3091 for full Offering Memorandum
Call Steve Hyatt or Christian Hyatt at (954) 494-3091 for full Offering Memorandum
Property Facts
1 Lot Available
Lot
| Price | $12,000,000 | Lot Size | 0.67 AC |
| Price Per AC | $18,024,838.23 |
| Price | $12,000,000 |
| Price Per AC | $18,024,838.23 |
| Lot Size | 0.67 AC |
Fully entitled site for a 43 story , 388 unit multifamily development in booming Flagler Village neighborhood.
Description
Prime location for multifamily development in Flagler Village market. Fully entitled site with DRC approvals in place, saving 12-18 months in entitlement time frames as well as entitlement costs. Property development will still require final construction drawings and receipt of building permits from City of Fort Lauderdale. Property is not subject to the affordable surcharge in order to build market rate units, a savings of approximately $11,000 per door.
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Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 50-42-10-12-0180 | Improvements Assessment | $0 |
| Land Assessment | $2,102,500 | Total Assessment | $2,102,500 |
Property Taxes
Parcel Number
50-42-10-12-0180
Land Assessment
$2,102,500
Improvements Assessment
$0
Total Assessment
$2,102,500
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